Lesson Learned: Not respecting the daily close

Hey everyone, just joined and looking forward to learning from the collective experience here. I've been dabbling in forex for about two years now, mostly focused on $EURUSD and $GBPUSD. One mistake that really stung recently, and one I'm still processing, was not respecting the daily close on a setup I liked.

I had a decent short position on $EURUSD open. Everything looked good on the H4 and H1, and my initial stop was well-placed. However, I didn't pay enough attention to the impending daily close. The price action leading into the close was weak, but I decided to hold through, thinking the trend would just continue. Instead, we got a huge wick rejection right at the daily close, which then snowballed into a pretty significant move against me the next morning, hitting my stop at a much worse price than I'd anticipated. It was a stark reminder that daily closes can be powerful reversal points and ignoring them, especially when you're near a key level, is just asking for trouble. Definitely trying to integrate that into my process more diligently now.